by InvestAdvocate

Lagos (INVESTADVOCATE)-Lender, Stanbic IBTC Bank Plc  said on Thursday its second quarter (Q2) report for the period ended  June 30, 2015 dipped 52 percent to N9.53 billion from N19.95 billion recorded the same period of 2014.

Similarly, profit after tax (PAT) fell N9.69 billion down 40.1 percent from N16.18 billion reported  a year earlier.

Gross earnings grew 11 percent to N68.29 billion from N61.71 billion during the Q2 period of 2015, the lender said in a filing with the Nigerian Stock Exchange (NSE).

Stanbic IBTC slashed its  interim dividend to 0.90 kobo per share, from N1.10 paid the same period of 2014.

The bank said closure date is July 31, while Extra Ordinary General Meeting (EGM) for scrip issue has been scheduled for August 6 in Abuja Nigeria. Stanbic IBTC say payment date for the 0.90 kobo dividend is August 28, 2015,

Share price of the lender grew 1.05 percent to N25.01 per share compared to N24.75 per share traded the previous session gaining 0.26 kobo per share at the close of business on Thursday at the Nigerian bourse.